Hong Kong's RedotPay raises $100 million Series B to push global stablecoin payments

Hong Kong-based payments fintech RedotPay has successfully raised $107 million in an oversubscribed Series B funding round, bringing its total capital raised in 2025 to $194 million. The round was led by Goodwater Capital, with participation from major investors including Pantera Capital, Blockchain Capital, and Circle Ventures. RedotPay, founded in 2023, offers stablecoin-based cards, wallets, and payout services designed to reduce the cost and settlement time of cross-border payments, particularly in emerging markets. The company currently serves over 6 million global users, processes over $10 billion in annualized payment volume, and generates more than $150 million in annualized revenue. RedotPay plans to use the new proceeds to expand its geographical coverage as demand for stablecoin-powered cards accelerates.

(Source：CoinDesk)